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CONDENSED CONSOLIDATED STATEMENTS OF FINANCIAL POSITION - USD ($)
$ in Thousands
Jun. 30, 2024
Dec. 31, 2023
Jun. 30, 2023
CURRENT ASSETS:      
Cash and cash equivalents $ 45,623 $ 75,915 $ 26,047
Restricted cash 364 375 371
Investments 85,548 95,507 83,165
Accounts receivable trade, less allowances of $2,494 $2,245 and $2,488 45,565 55,568 49,802
Other receivables 7,049 9,165 7,174
Inventories:      
Finished goods and work-in-process 84,410 51,240 92,370
Raw materials and supplies 44,889 43,681 47,557
Prepaid expenses 10,429 9,200 8,105
Total current assets 323,877 340,651 314,591
PROPERTY, PLANT AND EQUIPMENT, at cost:      
Land 21,669 21,862 21,782
Buildings 144,802 144,949 142,613
Machinery and equipment 484,409 485,265 468,721
Construction in progress 18,803 11,277 13,370
Operating lease right-of-use assets 6,607 7,145 6,291
Property, plant and equipment, gross 676,290 670,498 652,777
Less - accumulated depreciation 455,555 447,520 438,456
Net property, plant and equipment 220,735 222,978 214,321
OTHER ASSETS:      
Goodwill 73,237 73,237 73,237
Trademarks 175,024 175,024 175,024
Investments 292,723 255,606 252,459
Prepaid expenses and other assets 15,474 15,189 2,693
Deferred income taxes 1,531 1,706 1,664
Total other assets 557,989 520,762 505,077
Total assets 1,102,601 1,084,391 1,033,989
CURRENT LIABILITIES:      
Accounts payable 20,009 15,816 22,156
Bank loans 1,046 1,088 1,051
Dividends payable 6,437 6,250 6,303
Accrued liabilities 57,206 61,690 59,655
Postretirement health care benefits 665 665 658
Operating lease liabilities 1,400 1,289 1,172
Income taxes payable   8,090  
Total current liabilities 86,763 94,888 90,995
NONCURRENT LIABILITIES:      
Deferred income taxes 45,277 45,477 45,662
Postretirement health care benefits 9,638 9,653 9,304
Industrial development bonds 7,500 7,500 7,500
Liability for uncertain tax positions 2,981 2,777 3,913
Operating lease liabilities 5,499 6,018 5,182
Deferred compensation and other liabilities 103,849 94,971 86,359
Total noncurrent liabilities 174,744 166,396 157,920
TOOTSIE ROLL INDUSTRIES, INC. SHAREHOLDERS' EQUITY:      
Capital in excess of par value 802,253 737,453 753,839
Retained earnings 15,359 62,949 11,656
Accumulated other comprehensive loss (23,874) (23,213) (26,698)
Treasury stock (at cost) - 105, 102 and 102 shares, respectively (1,992) (1,992) (1,992)
Total Tootsie Roll Industries, Inc. shareholders' equity 841,414 823,422 785,376
Noncontrolling interests (320) (315) (302)
Total equity 841,094 823,107 785,074
Total liabilities and shareholders' equity 1,102,601 1,084,391 1,033,989
Common Stock      
TOOTSIE ROLL INDUSTRIES, INC. SHAREHOLDERS' EQUITY:      
Common stock, value 28,620 27,777 28,118
Class B Common Stock      
TOOTSIE ROLL INDUSTRIES, INC. SHAREHOLDERS' EQUITY:      
Common stock, value $ 21,048 $ 20,448 $ 20,453